Palo Alto Networks Inc (PANW) Shares Bought by M&T Bank Corp

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M&T Bank Corp raised its stake in shares of Palo Alto Networks Inc (NYSE:PANW) by 0.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 17,460 shares of the network technology company’s stock after acquiring an additional 154 shares during the period. M&T Bank Corp’s holdings in Palo Alto Networks were worth $3,289,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PANW. Benjamin F. Edwards & Company Inc. raised its stake in Palo Alto Networks by 26.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 262 shares of the network technology company’s stock worth $49,000 after acquiring an additional 55 shares during the period. North Star Investment Management Corp. raised its stake in Palo Alto Networks by 28.6% during the 4th quarter. North Star Investment Management Corp. now owns 450 shares of the network technology company’s stock worth $85,000 after acquiring an additional 100 shares during the period. First Manhattan Co. bought a new stake in Palo Alto Networks during the 3rd quarter worth approximately $106,000. Shine Investment Advisory Services Inc. raised its stake in Palo Alto Networks by 154.8% during the 4th quarter. Shine Investment Advisory Services Inc. now owns 479 shares of the network technology company’s stock worth $90,000 after acquiring an additional 291 shares during the period. Finally, We Are One Seven LLC bought a new stake in Palo Alto Networks during the 4th quarter worth approximately $92,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

PANW has been the topic of a number of recent analyst reports. Robert W. Baird restated an “outperform” rating on shares of Palo Alto Networks in a research note on Thursday, October 18th. Wedbush initiated coverage on shares of Palo Alto Networks in a research note on Thursday, October 18th. They set a “neutral” rating and a $225.00 target price on the stock. Summit Insights cut shares of Palo Alto Networks from a “buy” rating to a “hold” rating in a research note on Monday, October 29th. ValuEngine cut shares of Palo Alto Networks from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 29th. Finally, Zacks Investment Research restated a “hold” rating and set a $212.00 target price on shares of Palo Alto Networks in a research note on Wednesday, November 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-three have assigned a buy rating and three have given a strong buy rating to the company’s stock. Palo Alto Networks has an average rating of “Buy” and an average target price of $244.76.

In related news, EVP Nir Zuk sold 30,000 shares of the firm’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $217.66, for a total value of $6,529,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark D. Mclaughlin sold 40,000 shares of the firm’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $216.37, for a total value of $8,654,800.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 157,024 shares of company stock valued at $31,265,111. 3.10% of the stock is currently owned by insiders.

PANW stock opened at $224.62 on Monday. Palo Alto Networks Inc has a fifty-two week low of $148.41 and a fifty-two week high of $239.50. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $21.31 billion, a P/E ratio of -408.40, a price-to-earnings-growth ratio of 13.47 and a beta of 0.91.

Palo Alto Networks (NYSE:PANW) last posted its earnings results on Thursday, November 29th. The network technology company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. Palo Alto Networks had a negative net margin of 5.04% and a negative return on equity of 1.72%. The firm had revenue of $656.00 million during the quarter, compared to analyst estimates of $632.16 million. During the same period last year, the firm posted $0.74 earnings per share. Palo Alto Networks’s revenue for the quarter was up 30.7% compared to the same quarter last year. Analysts predict that Palo Alto Networks Inc will post 0.71 earnings per share for the current year.

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Palo Alto Networks Company Profile

Palo Alto Networks, Inc provides security platform solutions worldwide. The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances deployed on an end-customer's network as a virtual or a physical appliance; and Virtual System Upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances.

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Institutional Ownership by Quarter for Palo Alto Networks (NYSE:PANW)

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